Killam Apartment REIT (TSE:KMP.UN) Price Target Lowered to C$22.00 at TD Securities

Killam Apartment REIT (TSE:KMP.UN) had its target price lowered by stock analysts at TD Securities from C$23.00 to C$22.00 in a report issued on Wednesday, BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 27.76% from the company’s previous close.

KMP.UN has been the topic of a number of other research reports. Royal Bank of Canada lifted their price objective on shares of Killam Apartment REIT from C$23.00 to C$23.50 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Laurentian downgraded shares of Killam Apartment REIT from a “buy” rating to a “hold” rating and set a C$20.50 price objective on the stock. in a research report on Monday, January 22nd. Scotiabank dropped their target price on shares of Killam Apartment REIT from C$21.00 to C$20.50 and set a “sector perform” rating on the stock in a research report on Monday, March 25th. National Bankshares upped their price target on shares of Killam Apartment REIT from C$22.00 to C$22.75 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Raymond James cut their price target on shares of Killam Apartment REIT from C$22.75 to C$21.75 and set an “outperform” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Killam Apartment REIT has an average rating of “Moderate Buy” and a consensus target price of C$21.88.

Killam Apartment REIT Stock Down 0.3 %

Shares of Killam Apartment REIT stock opened at C$17.22 on Wednesday. The firm’s 50 day moving average price is C$18.49 and its 200-day moving average price is C$17.99. The company has a quick ratio of 0.03, a current ratio of 0.08 and a debt-to-equity ratio of 88.09. Killam Apartment REIT has a 52-week low of C$15.36 and a 52-week high of C$20.13. The company has a market cap of C$2.04 billion, a P/E ratio of 7.65 and a beta of 1.05.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.